Bank of New York Mellon Corp Increases Stake in H World Group Limited (NASDAQ:HTHT)

Bank of New York Mellon Corp boosted its holdings in shares of H World Group Limited (NASDAQ:HTHT) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 203,418 shares of the company’s stock after buying an additional 6,477 shares during the quarter. Bank of New York Mellon Corp’s holdings in H World Group were worth $6,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of H World Group by 13.5% during the 4th quarter. Blue Trust Inc. now owns 5,467 shares of the company’s stock worth $181,000 after purchasing an additional 650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in H World Group by 11.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,778 shares of the company’s stock valued at $290,000 after acquiring an additional 936 shares during the period. Point72 Hong Kong Ltd acquired a new stake in H World Group in the 3rd quarter valued at $418,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in H World Group in the 3rd quarter valued at $450,000. Finally, Public Employees Retirement System of Ohio purchased a new position in H World Group in the 3rd quarter valued at $489,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

Analyst Upgrades and Downgrades

HTHT has been the topic of several analyst reports. HSBC lowered H World Group from a “buy” rating to a “hold” rating and set a $32.40 price target on the stock. in a report on Wednesday, February 5th. Benchmark reduced their price objective on shares of H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Hsbc Global Res lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.68.

H World Group Stock Performance

NASDAQ HTHT opened at $37.01 on Monday. The company has a market cap of $11.60 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.87. The stock has a 50-day moving average of $33.97 and a two-hundred day moving average of $34.41. H World Group Limited has a 1-year low of $27.03 and a 1-year high of $42.98.

H World Group Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.